Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 66,413 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 66,413 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $30.48, for a total value of $2,024,268.24. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,225,040. This trade represents a 47.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Michael Mente also recently made the following trade(s):

• On Monday, January 27th, Michael Mente sold 44,962 shares of Revolve Group stock. The stock was sold at an average price of $30.93, for a total transaction of $1,390,674.66.
• On Friday, January 10th, Michael Mente sold 69,605 shares of Revolve Group stock. The stock was sold at an average price of $29.77, for a total value of $2,072,140.85.
• On Wednesday, January 8th, Michael Mente sold 45,987 shares of Revolve Group stock. The shares were sold at an average price of $30.50, for a total value of $1,402,603.50.
• On Friday, December 20th, Michael Mente sold 62,441 shares of Revolve Group stock. The shares were sold at an average price of $34.20, for a total transaction of $2,135,482.20.
• On Wednesday, December 18th, Michael Mente sold 76,835 shares of Revolve Group stock. The shares were sold at an average price of $34.14, for a total transaction of $2,623,146.90.
• On Wednesday, December 4th, Michael Mente sold 98,429 shares of Revolve Group stock. The stock was sold at an average price of $34.87, for a total transaction of $3,432,219.23.
• On Monday, December 2nd, Michael Mente sold 90,266 shares of Revolve Group stock. The stock was sold at an average price of $35.80, for a total value of $3,231,522.80.
• On Friday, November 22nd, Michael Mente sold 71,463 shares of Revolve Group stock. The shares were sold at an average price of $35.20, for a total value of $2,515,497.60.
• On Wednesday, November 20th, Michael Mente sold 73,783 shares of Revolve Group stock. The stock was sold at an average price of $33.41, for a total value of $2,465,090.03.
• On Wednesday, November 6th, Michael Mente sold 200,000 shares of Revolve Group stock. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00.

Revolve Group Stock Down 3.8 %

NYSE RVLV opened at $30.07 on Thursday. Revolve Group, Inc. has a twelve month low of $14.04 and a twelve month high of $39.58. The business’s fifty day moving average is $33.64 and its 200 day moving average is $27.45. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 53.69, a price-to-earnings-growth ratio of 1.58 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. The company had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 earnings per share. On average, research analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RVLV shares. Evercore ISI increased their target price on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Robert W. Baird upped their target price on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a report on Thursday, January 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Revolve Group has an average rating of “Moderate Buy” and an average price target of $29.60.

Hedge Funds Weigh In On Revolve Group

Several large investors have recently modified their holdings of the business. American Century Companies Inc. bought a new stake in shares of Revolve Group in the second quarter worth $165,000. Dimensional Fund Advisors LP grew its position in shares of Revolve Group by 22.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after buying an additional 123,745 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Revolve Group in the second quarter valued at about $260,000. Sei Investments Co. raised its position in shares of Revolve Group by 14.1% during the second quarter. Sei Investments Co. now owns 176,593 shares of the company’s stock worth $2,810,000 after acquiring an additional 21,821 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Revolve Group by 141.2% in the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after acquiring an additional 280,151 shares during the period. Institutional investors own 67.60% of the company’s stock.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.